KO demands ERC to stop Electricity from Raising Rates
KURYENTE.ORG is challenging the Energy Regulatory Commission and chairman Atty Monalisa Dimalanta to decide on the petition of San Miguel-owned South Premiere Power Corp. and Manila Electric Company (Meralco) to amend their contract and impose a debilitating rate hike on consumers.
The insistence of the San Miguel Corp. (SMC)-owned companies to amend their contracts with the Manila Electric Co. (Meralco) because of their fears that it results in losses is an insult to both the government and the consumers.
When both the South Premiere Power Corp. and San Miguel Energy Corp. signed the contracts with Meralco, they legally committed to deliver what needed to be delivered, no ifs, no buts.
To ask the Energy Regulatory Commission to change the rules for themselves is mocking the lega...